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Distressed Florida property Below market value deals in the heart of Florida – bank-owned repossessions and distressed sales – perfect for investment or holiday homes
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Florida Mortgage Summary
Mortgages in Florida work slightly differently to those in the UK, here are a few pointers as to what you can expect.
Mortgages can be taken out in sterling or dollars and secured against the Florida residential property. The lending criteria are similar to the UK with both full status and low documentation products available.
Mortgages can be obtained for the purchase or refinance of off-plan, new or existing properties for single family homes, condominiums, town houses and condominium hotels.
Capital-raising is available on your property in Florida and the amount you can borrow will be determined by a valuation arranged by the lender.
Loan amount - $175,000
Lower interest rates will be available at different LTVs (loan to values)
This information should only be used as a guide. All product specifications will depend on the individual’s financial circumstances. The products mentioned here are for non-resident clients, other products will be available for residents. Information correct as of 07/03/08.
Information provided courtesy of International Private Finance Ltd.
Buying Property Abroad? 0% Commission, excellent exchange rates and over 25 years experience of transferring money. View US Dollar rate.
A Place in the Sun Live the UK’s only dedicated overseas property show takes place at Earls Court, London on 26th – 28th March 2010. Click here for your FREE ticket.
Distressed Florida property Below market value deals in the heart of Florida – bank-owned repossessions and distressed sales – perfect for investment or holiday homes
40-50 per cent below current market value and government backed rental yields of 25 per cent
Best buy mortgages For the best rates on over 600 mortgages in more than 50 countries, click here.
Below market value properties available at substantial reductions in Spain, Florida, Caribbean, Egypt, Greece, Brazil, Portugal
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